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  • An amendment to proposed US tax legislation has provided foreign bearer bonds with an exemption to excise tax
  • From schizophrenic investor presentations to the UAE’s immature insolvency regime, IFLR spoke to the lawyers closest to Dubai World and found out what they really think about the default in the Middle East
  • George Miller, Executive Director of the American Securitization Forum (ASF), is to resign on December 16.
  • Bankruptcy and corporate restructuring lawyer Harris Winsberg has left Troutman Sanders to join King & Spalding in Atlanta.
  • Latham & Watkins partner Jose Fernandez has been confirmed as Assistant Secretary for Economic, Energy and Business Affairs for the US Department of State by the US Senate.
  • Adam Gale has joined Chadbourne & Parke as counsel in the corporate practice in New York. He joins the firm from Orrick Herrington & Sutcliffe where he was of counsel in the private investment funds group and the market regulation group.
  • Banks and companies in Hong Kong could find themselves in a highly litigious environment if they fail to voice concerns over the Law Reform Commission’s proposals on class actions
  • Rating agencies are beginning to remove systemic and regional support from the way they assess hybrid securities and subordinated debt. Alongside wider notching, this means likely downgrades
  • Khaitan & Co has hired a new competition partner to join its team in New Dehli
  • The international investment in Nakheel’s bond will mean UAE legislation and restructuring tools could be used for the first time